- Avalon Advanced Materials is a Canadian-based mineral exploration and development company with assets targeting multiple critical minerals, including lithium and tin.
- The company’s entire portfolio consists of assets located in stable jurisdictions throughout Canada.
- The company’s flagship project, Separation Rapids, is poised to supply Ontario’s first lithium refinery and create a domestic supply chain for the critical mineral. It strategically aligns with the Ontario Critical Minerals strategy, leading sustainability solutions with its unique lithium petalite deposit in Northwestern Ontario.
- The petalite deposit can potentially serve both the global glass-ceramics industry and the electrification sector.
- Don Bubar, president and CEO, had the foresight to acquire assets covering multiple critical minerals. As a result, while the race to carbon neutrality heats up, the company is ready to supply the essential minerals that manufacturers need.
- Avalon Advanced Materials is a Canadian enterprise that has been in business for over 25 years, specializing in the critical minerals sector.
Commodities markets are radically transforming as the world embraces electric vehicles (EVs) and other clean energy technologies. The surge in demand for green tech makes critical mineral commodity markets an attractive option for many investors. Moreover, most critical minerals necessary for future technologies have a steadily increasing demand while supply struggles to keep up, such as the tightening lithium supply in China. As a result, some analysts expect battery metals markets to remain elevated for decades. For example, the first quarter of 2022 saw lithium prices steadily increase as demand rose.
Lithium is undoubtedly a frontrunner in the critical battery materials market, but it’s not the only element necessary for the clean technology of the future. Research organization, International Energy Association (IEA) conducted a study highlighting other metals the world needs, including copper, platinum group metals, zinc, and aluminum. Another study by IEA indicates that total mineral demand for clean technology related to EVs and battery storage will go from 0.4 million tonnes in 2020 to 21.5 million tonnes in 2040, based on the ‘net-zero by 2050’ scenario. So how will the mining industry supply this massive increase in demand?
Avalon Advanced Materials (TSX:AVL) is a Canadian mineral exploration and development company targeting multiple critical minerals necessary for manufacturing clean technology. With over 25 years of experience working in the critical minerals sector, the company has first-to-market advantage, in addition to the years of expertise in the field. This is highlighted by the company’s project portfolio, containing assets known for lithium, tin, indium, rare earths, cesium, tantalum and other rare elements. The company has two key projects and three additional projects in their pipeline. Every asset is located in stable and mining-friendly jurisdictions throughout Canada.
The Separation Rapids Lithium Project, the company’s current flagship project, is in the preliminary stages of economic assessment and feasibility study. The project is in advanced exploration stages, but new studies are required per its new agreement with Essar Group to fund and build a new lithium refinery. However, an accurate economic assessment can now be completed since Avalon Advanced Materials has a specific refinery agreement.Once in production, the new facility will be the first lithium refinery in Ontario. It strategically aligns with the Ontario Critical Minerals strategy, making the area more than mining-friendly, but actively supportive of the endeavour. Its leading sustainability solutions and unique lithium petalite deposit in Northwestern Ontario can serve both the global glass-ceramics industry and the electrification sector. The ability to process this chemical in Canada provides significant opportunities for the domestic supply chain.